Several large call option trades were registered today on AAPL. The largest trade was placed in the morning where a large buyer invested almost $20m into June calls.
Smart money expect more upside from AAPL in the weeks to come. There were numerous bullish bets placed on AAPL calls on Friday.
It took AAPL almost two years to get back to its all time highs. Its recent earnings report proved that the company is still a dominant player on the smartphones market. Despite impressive post earnings drift, institutional traders continue to bet on the stock’s ability to go much higher.